Melrose Industries (LON:MRO) Trading Down 11.3% - Here's Why

Shares of Melrose Industries PLC (LON:MRO - Get Free Report) were down 11.3% on Thursday . The stock traded as low as GBX 556.40 ($7.16) and last traded at GBX 603 ($7.76). Approximately 16,228,400 shares were traded during mid-day trading, an increase of 72% from the average daily volume of 9,413,459 shares. The stock had previously closed at GBX 680 ($8.75).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 850 ($10.94) price target on shares of Melrose Industries in a research note on Thursday, January 23rd.

Melrose Industries Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The firm has a market capitalization of £6.33 billion, a price-to-earnings ratio of -165.72, a P/E/G ratio of 0.48 and a beta of 1.51. The business has a 50-day moving average price of GBX 595.37 and a 200-day moving average price of GBX 531.53.

Melrose Industries (LON:MRO - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share (EPS) for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. As a group, sell-side analysts forecast that Melrose Industries PLC will post 33.9741641 earnings per share for the current year.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.